Just received a large sum of money...

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BigJ

Lifer
Nov 18, 2001
21,335
1
81
Originally posted by: crazySOB297
Originally posted by: Train
10 Million seems like way too even of a number. When a business or a "unreleased product" get bought by another business, they hammer away like hell at the numbers, and come up with the exact amount they are willing to invest, minimizing risk and loss. If he had come out and said "I sold my idea/business for $11.23 million" then I would be slightly more inclined to believe it than $10 mil even. That and other factors in this thread leave me with a lot of doubts.

my gut tells me shens.

Just over $10 after taxes is not a nice round number. I rounded it for simplicity.

So now it's $10 mill after taxes?

Oh boy your life just keeps on getting better and better.
 

Born2bwire

Diamond Member
Oct 28, 2005
9,840
6
71
Originally posted by: crazySOB297
Originally posted by: HeroOfPellinor
Originally posted by: crazySOB297
Originally posted by: BigJ
Struggling to make car payments owning a fvcking Z06?

Why don't you buy me the world's smallest violin and some lessons with your 10 mill and I'll play it for you.

Yeah, that car is probably the only reason I won't flip out and buy a veyron or something. Bought it when I had no bills and spent 75% of my paycheck on it each month. Then college started, I barely had time to work and books and stuff aren't cheap.

Money goes away really fast. I was about a semester away from selling that car cause college was more important.

Who ran your successful business while you were in college? Why didn't you just give yourself a raise if the car was 75% of your paycheck?

It wasn't "ran..." go read through my previous posts. I have worked for compusa and cartoys in the meantime to pay for my car and other bills. Plus I bought that car when I had just turned 17 and this was all still a dream/thought...

So, you've started a business and sold it for $10 million within a year at the age of 18 while going to college that took up so much time that you barely had time to work at your part time jobs?
 

Epic Fail

Diamond Member
May 10, 2005
6,252
2
0
Originally posted by: crazySOB297
Originally posted by: Train
10 Million seems like way too even of a number. When a business or a "unreleased product" get bought by another business, they hammer away like hell at the numbers, and come up with the exact amount they are willing to invest, minimizing risk and loss. If he had come out and said "I sold my idea/business for $11.23 million" then I would be slightly more inclined to believe it than $10 mil even. That and other factors in this thread leave me with a lot of doubts.

my gut tells me shens.

Just over $10 after taxes is not a nice round number. I rounded it for simplicity.

LOL

You figured out the tax but can't figure out what to do with the money....
 

BigJ

Lifer
Nov 18, 2001
21,335
1
81
Originally posted by: Born2bwire
Originally posted by: crazySOB297
Originally posted by: HeroOfPellinor
Originally posted by: crazySOB297
Originally posted by: BigJ
Struggling to make car payments owning a fvcking Z06?

Why don't you buy me the world's smallest violin and some lessons with your 10 mill and I'll play it for you.

Yeah, that car is probably the only reason I won't flip out and buy a veyron or something. Bought it when I had no bills and spent 75% of my paycheck on it each month. Then college started, I barely had time to work and books and stuff aren't cheap.

Money goes away really fast. I was about a semester away from selling that car cause college was more important.

Who ran your successful business while you were in college? Why didn't you just give yourself a raise if the car was 75% of your paycheck?

It wasn't "ran..." go read through my previous posts. I have worked for compusa and cartoys in the meantime to pay for my car and other bills. Plus I bought that car when I had just turned 17 and this was all still a dream/thought...

So, you've started a business and sold it for $10 million within a year at the age of 18 while going to college that took up so much time that you barely had time to work at your part time jobs?

Give him props. The kid managed to work at CompUSA, Cartoys, go to school full-time in HS, own a Z06, and start a business worth 10 mill AFTER TAXES.

He's got mad skills.
 

EightySix Four

Diamond Member
Jul 17, 2004
5,121
49
91
Originally posted by: BigJ
Originally posted by: crazySOB297
Originally posted by: Train
10 Million seems like way too even of a number. When a business or a "unreleased product" get bought by another business, they hammer away like hell at the numbers, and come up with the exact amount they are willing to invest, minimizing risk and loss. If he had come out and said "I sold my idea/business for $11.23 million" then I would be slightly more inclined to believe it than $10 mil even. That and other factors in this thread leave me with a lot of doubts.

my gut tells me shens.

Just over $10 after taxes is not a nice round number. I rounded it for simplicity.

So now it's $10 mill after taxes?

Oh boy your life just keeps on getting better and better.

I said that in original post.

 

fstime

Diamond Member
Jan 18, 2004
4,384
5
81
A Bugatti?

Your going to spend 2 million on a car (after taxes, etc) when you only have 10mil.

Try thinking that way when you get 120 million in the bank.
 

EightySix Four

Diamond Member
Jul 17, 2004
5,121
49
91
Bleh, I don't care if yall believe me. What would you do with the cash?

So far:
blow it all then start the process all over again (veyron+insurance could probably do this on its own)
blow and hookers
straight up invest
Take $2mill to play $8 mill to invest (what toys? House and an AM?)
build something that will actually play crisis...
invest in peoples marriages


I could probably justify the bugatti in my head as an appreciating asset. Its a rare car, there has to be some value in that no?
 

insect9

Senior member
Jun 19, 2004
963
0
76
So you sold your company for 10 million dollars at the age of 18, while in school with barely enough time to work, struggling to make a car payment, and conveniently cant reveal any info like company name or product. Can you blame people for doubting?
 

SSSnail

Lifer
Nov 29, 2006
17,461
82
86
Oh, you're serious?

Alright, here's an idea for you. Why don't you start a computer retail and services company, we'll call it Ziosys (for the ultimate cool factor). In which, you'll offer products that you don't actually own, and pocket the money when people order and then shield yourself under the corporation protection of Ziosys, Inc. See how that works? Damn, and you don't even need $10 mil for it. I don't even know why I'm giving you great ideas like these, I should have used it myself. But, as you can see I'm already a multi-billionaire, time for me to give back to the community.
 

AgaBoogaBoo

Lifer
Feb 16, 2003
26,107
4
81
Originally posted by: dhcloud
So you sold your company for 10 million dollars at the age of 18, while in school with barely enough time to work, struggling to make a car payment, and conveniently cant reveal any info like company name or product. Can you blame people for doubting?
That, and if someone can earn that much money legitimately, then you'd imagine that they would have some idea on how they want to spend it. You start a business with a passion of some sort, especially at a young age, where is that passion? Why did you start it? If someone really accomplishes what he claims to, you already have your own plans, you don't talk like a check for 10 million just showed up and you made it big as a freshman in college, it's not that easy.
 

EightySix Four

Diamond Member
Jul 17, 2004
5,121
49
91
Originally posted by: dhcloud
So you sold your company for 10 million dollars at the age of 18, while in school with barely enough time to work, struggling to make a car payment, and conveniently cant reveal any info like company name or product. Can you blame people for doubting?

not at all. I should have asked "what would you do with $10 mill." but I think knowing ATOT it would have degraded worse than this, at least I got a few realistic answers.
 

Vageetasjn

Senior member
Jan 5, 2003
552
0
0
Get a good accountant and relax for a while before you make rash decisions. Then get an asset manager (or two). For now, though, just keep it in a bank account earning interest until you make up your mind.

edit: you might want to buy some foreign currency as well. Euros is probably a good choice.
 

EightySix Four

Diamond Member
Jul 17, 2004
5,121
49
91
Seriously that's messed up though. Bugging my friends about it? Go through my life all you want but dude..
 

gururu2

Senior member
Oct 14, 2007
686
1
81
this is why you dont walk out into public, open your wallet and flash your bazillions of dollars.
 

Noirish

Diamond Member
May 2, 2000
3,959
0
0
you can easily live off 3%-5% interest, that's $300k-$500k a year, that's executive salary in a BIG company.
 

compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,113
925
126
You could buy everyone a new alternator and battery with that kind of money.
 

Born2bwire

Diamond Member
Oct 28, 2005
9,840
6
71
Originally posted by: compuwiz1
You could buy everyone a new alternator and battery with that kind of money.

Why not build the world's largest treadmill and buy a plane?
 
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